TCEC (TransCoastal) ROCE %: -9.43% (As of Jun. 2015)

What is TransCoastal ROCE %?

TransCoastal TCEC ROCE % is -9.43% as of Jun. 2015.

ROCE % measures how well a company generates profits from its capital. It is calculated as EBIT divided by Capital Employed, where Capital Employed is calculated as Total Assets minus Total Current Liabilities. TransCoastal's annualized ROCE % for the quarter that ended in Jun. 2015 was -9.43%.

TransCoastal (OTCPK:TCEC) ROCE % Explanation

ROCE % can be especially useful when comparing the performance of capital-intensive companies. Unlike ROE %, which indicates the profitability of Shareholders Equity, ROCE % also considers long-term debt in Capital Employed. This can be helpful when analyzing companies with significant debt, as the result is neutralized by taking debt into consideration.

Generally speaking, a higher ROCE % indicates a stonger profitability for a company. Moreover, it is important to look at the ratio from a long term perspective. Investors tend to favor companies with stable and rising ROCE % trend over those with volatile ones.

TransCoastal ROCE % Related Terms

TransCoastal ROCE % Historical Data

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The historical data trend for TransCoastal's ROCE % can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

TransCoastal ROCE % Chart

TransCoastal Annual Data

Trend

Dec05

Dec06

Dec07

Dec08

Dec09

Dec10

Dec11

Dec12

Dec13

Dec14

ROCE %

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0.00

15.70

-22.24

-12.31

TransCoastal Quarterly Data
	Sep10	Dec10	Mar11	Jun11	Sep11	Dec11	Mar12	Jun12	Sep12	Dec12	Mar13	Jun13	Sep13	Dec13	Mar14	Jun14	Sep14	Dec14	Mar15	Jun15
ROCE %	Get a 7-Day Free Trial															1.30	0.41	-50.06	-7.69	-9.43

TransCoastal ROCE % Calculation

TransCoastal's annualized ROCE % for the fiscal year that ended in Dec. 2014 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2014 )		(A: Dec. 2013 )		(A: Dec. 2014 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2014 )		(A: Dec. 2013 )		(A: Dec. 2014 )
	=	-0.921	/	( ( (25.83 - 19.364)	+	(25.425 - 16.933) )	/ 2 )
	=	-0.921	/	( (6.466	+	8.492)	/ 2 )
	=	-0.921	/	7.479
	=	-12.31 %

TransCoastal's ROCE % of for the quarter that ended in Jun. 2015 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Jun. 2015 )		(Q: Mar. 2015 )		(Q: Jun. 2015 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Jun. 2015 )		(Q: Mar. 2015 )		(Q: Jun. 2015 )
	=	-0.7	/	( ( (25.239 - 17.096)	+	(24.96 - 18.256) )	/ 2 )
	=	-0.7	/	( ( 8.143	+	6.704 )	/ 2 )
	=	-0.7	/	7.4235
	=	-9.43 %

(1) Note: The EBIT data used here is four times the quarterly (Jun. 2015) EBIT data.

Frequently Asked Questions Learn more about ROCE % →

What does a ROCE % of -9.43% mean?

TransCoastal (TCEC) has a ROCE % of -9.43% as of Jun. 2015.

Is TransCoastal's ROCE % too high?

TransCoastal's current ROCE % is -9.43%.

How does TransCoastal's ROCE % compare to UNGS and FPPP?

TransCoastal's ROCE % of -9.43% can be compared against companies in the Oil & Gas industry. The industry median ROCE % is 6.79. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.

What is a good ROCE % for an Oil & Gas company?

The median ROCE % among Oil & Gas companies is 6.79, based on 977 companies in the industry. Companies in the top quartile (top 25%) have a ROCE % significantly above this median, while those in the bottom quartile fall well below. However, ROCE % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.

What does a high ROCE % mean?

A high ROCE % can signal that a stock is expensive relative to its fundamentals. For the Oil & Gas industry, the median ROCE % is 6.79 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. TransCoastal's current ROCE % is -9.43%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.

Is TransCoastal stock overvalued right now?

TransCoastal (TCEC) has a current ROCE % of -9.43%. The current ROCE % is -9.43%. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.

How is ROCE % calculated?

ROCE % is calculated from a company's financial statements. For TransCoastal (TCEC), the current ROCE % is -9.43% as of Jun. 2015. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

TransCoastal Business Description

Industry Energy Oil & Gas

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Address 4975 Voyager Drive, Dallas, TX, USA, 75237

Website http://www.transcoastal.net

TransCoastal Corp is an oil and gas exploration and production company. It is engaged in the development of oil and gas reserves in the state of Texas. The company has acquired or divested over 100 wells in Texas and has over 200 undeveloped locations on over 6000 acres of leased oil and gas property located primarily in the panhandle area of west Texas.